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Blair report tells Johnson to delay completion by 12 months to avoid ‘disastrous no deal’
16/07/2020
'Too late' to strike a full agreement before December cliff-edge, study commissioned by ex-prime minister concludes - and Europe is staring down barrel of 'a deep recession'.
Brexiters are often accused of living in the past. That is manifest in the now recurring Brexiter response to concerns about Brexit: ‘but we did perfectly well before’.
A NO-DEAL Brexit risks extra trouble for the UK during an oncoming recession that could be as deep as the Great Depression, the head of the World Trade Organisation (WTO) has said.
Boris Johnson’s Brexit policy risks no-deal crash-out next year that will trigger a recession and return to austerity, expert IFS analysis indicates
28/11/2019
Institute for Fiscal Studies says it is 'plausible' to expect a £50 billion boost to UK economy if Brexit is cancelled.
Boris Johnson accused of misleading voters after claiming there is 'absolutely zero' risk of no-deal Brexit
19/11/2019
'I believe the trade experts', says ex-treasury minister David Gauke - pointing to consensus rejecting claims of rapid new deal.
Britain’s economy grew at its slowest annual pace in nearly a decade during the three months to September as the global slowdown and Brexit worries hit manufacturing and business investment, official figures showed on Monday.
Frances O'Grady uses speech in North East to warn of effects of bad Brexit.
Boris Johnson downplaying economic risks for political gain, say bank’s economists in scathing assessment of government’s strategy and its impact
GDP shows negative growth for first time in nearly 7 years.
The drop comes despite a boost to the economy in the first quarter of the year, thanks to Brexit stockpiling.
A 0.2% contraction between April and June was weakest since fourth quarter of 2012.
The UK economy contracted 0.2% between April and June, its worst performance since 2012, the Office for National Statistics said.
Bank of England cuts UK growth forecast
01/08/2019
Brexit uncertainties are becoming "more entrenched" and increasingly weighing on the British economy less than three months before the country is scheduled to leave the European Union, the Bank of England said Thursday.
No-deal Brexit could see substantial number of businesses become unprofitable and trigger food shortages, Mark Carney warns
02/08/2019
‘The challenge is, particularly in food, it’s perishable, so you can’t stockpile today for demand in November,’ Carney says. / A no-deal Brexit could cause food shortages, Mark Carney has suggested, adding that job losses and business closures are also likely.
The next, Brexit-induced recession will be most painful for poorer households, who are also those that voted Leave in greatest numbers.
A no-deal Brexit would deliver an “instantaneous shock” to the British economy and could tip the UK into a recession, the Bank of England governor Mark Carney has warned.
The UK government has been warned of a recession in the absence of a Brexit deal with the EU.
The Office for Budget Responsibility analysed a particular type of a no-deal Brexit scenario – the less disruptive of the two presented by the IMF in April.
Mike Gallagher, managing director of macro and strategy at Continuum Economics, and Marilyn Watson, head of global fundamental fixed income strategy at BlackRock, discuss Brexit, the Conservative Party leadership race and the U.K. economy. Bloomberg's David Merritt also speaks on "Bloomberg Surveillance."
UK likely to fall into recession after no-deal Brexit, top international credit rating agency predicts
03/07/2019
Bank economists also note that weakening world economy would amplify Brexit hit to UK.
Britain’s economy showed alarming signs of a sharp slowdown, possibly even into recession, as uncertainty over Brexit combines with a less benign global backdrop, according to a closely watched survey of business activity in the U.K. released Wednesday.
The price of Brexit has been £66 billion so far, plus an impending recession — and it hasn't even started yet
07/04/2019
The damage to the UK economy due to Brexit has cost £66 billion ($86 billion) so far, and left the United Kingdom teetering at the brink of a new recession, according to economic data published last week.
The price of Brexit has been £66 billion so far, plus an impending recession — and it hasn’t even started yet
07/03/2019
The damage to the UK economy due to Brexit has cost £66 billion ($86 billion) so far, and left the United Kingdom teetering at the brink of a new recession, according to economic data published last week.
Top mandarin's bombshell No Deal warning: Food up 10%, police unable to protect public, direct rule in Ulster, worse recession than 2008 says leaked letter
02/04/2019
Britain's highest-ranking civil servant has issued a doomsday analysis of how the country would be affected by a No Deal Brexit, as MPs yet again failed to break the deadlock last night.